{"id":140474,"title":"Brent Crude Surges Towards $106 as UK Gas Prices Hit Highest Since 2022","publisher":"Share Talk","author":"sharetalk","published":"2026-09-10T13:34:52+00:00","modified":"2026-09-10T13:38:07+00:00","canonical_url":"https://www.share-talk.com/brent-crude-surges-towards-106-as-uk-gas-prices-hit-highest-since-2022/","markdown_url":"https://www.share-talk.com/brent-crude-surges-towards-106-as-uk-gas-prices-hit-highest-since-2022.md","json_url":"https://www.share-talk.com/brent-crude-surges-towards-106-as-uk-gas-prices-hit-highest-since-2022.json","category":"Blogs","categories":["Blogs","Energy"],"tags":["Arabian Peninsula.","Bab al-Mandeb strait","Brent Crude","British Gas","European gas markets","gas","LNG","Middle East","oil","Red Sea","Strait of Hormuz","Yemen"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/03/Strait-of-Hormuz-4-march-second-image-scaled.webp?fit=1920%2C1281&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Brent crude** has surged towards **$106 a barrel** as escalating fighting in the Middle East drives another sharp rise in global energy prices.\n\nThe international oil benchmark climbed to **$105.66 a barrel**, up **$4.41, or 4.3%**, on the day as markets reacted to growing concerns over key shipping routes around the Arabian Peninsula.\n\nUK natural gas prices have also jumped sharply, with the front-month contract trading at its **highest level since December 2022**.\n\n**British gas** briefly touched **207.2p per therm** before easing slightly to around **206.81p**, still up **4.6% on the session**.\n\n**European gas markets** followed the same direction, with the benchmark Dutch front-month contract rising **4.1% to €82.53 per megawatt hour**.\n\nThe latest move in energy markets comes as Yemen’s Houthi rebels intensify efforts to take control of the country’s Red Sea coastline.\n\nThe group has claimed control of the strategically important port of **Mocha**, as fighting with the Saudi-backed government reaches its most serious level in years.\n\nControl of a larger section of Yemen’s Red Sea coast would significantly increase concerns over the **Bab al-Mandeb strait**, one of the world’s most important maritime chokepoints.\n\nThat route is already under greater scrutiny because of continuing disruption around the **Strait of Hormuz**, on the opposite side of the Arabian peninsula.\n\nTogether, the two waterways are critical to the movement of oil, gas and other goods between the Middle East, Europe and Asia.\n\nThe prospect of further disruption to either route is increasing fears of tighter global energy supplies, helping drive **Brent crude above $105 and UK gas prices to levels not seen for almost four years**.\n\nWith both oil and gas prices rising sharply, investors are also likely to become increasingly concerned about the implications for **inflation, transport costs, household energy bills and the outlook for interest rates**."}